Overview

* FB Financial ( FBK ) Q2 revenue missed analyst expectations, per LSEG data

* FB Financial ( FBK ) Q2 adjusted EPS met estimates, per LSEG data

* Company completed merger with Southern States Bancshares, enhancing scale and strategic flexibility

* Strategic sale of securities resulted in $60.5 mln GAAP loss

Outlook

* Company anticipates enhanced liquidity and margin from securities sale

* FB Financial ( FBK ) expects stronger returns post Southern States merger

Result Drivers

* SECURITIES SALE - Strategic sale of $266.5 million in securities resulted in $60.5 million GAAP loss, aimed at enhancing liquidity and future margins

* LOAN AND DEPOSIT GROWTH - Growth in loans and deposits contributed to a healthy net interest margin, per CEO Christopher Holmes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $76.86 $136.50

Revenue mln mln (5

Analysts

)

Q2 Meet $0.88 $0.88 (6

Adjusted Analysts

EPS )

Q2 EPS $0.06

Q2 Miss $40.82 $41.10

Adjusted mln mln (6

Net Analysts

Income )

Q2 Net $2.91

Income mln

Q2 Net $111.42

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for FB Financial Corp ( FBK ) is $58.00, about 16.9% above its July 11 closing price of $48.22

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)